Initiate Systems, Inc.

Initiate Systems Continues Strong Financial Performance

Published in Health Business Week, February 27th, 2009

Initiate Systems, Inc., a leader in master data management (MDM) solutions, announced that in 2008 the company achieved profitability, a positive cash flow and increased annual revenue more than 50 percent compared to 2007.

The addition of seven new customer contracts in the final quarter of 2008 helped spur Initiate’s continuing growth. Like 2008 as a whole, Initiate’s fourth quarter was profitable and cash flow positive. New additions include a global logistics services company, a nationally renowned health insurance corporation and a partnership of primary and specialty medical care providers in the Midwest.

“Multinational corporations, healthcare...

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Source: Health Business Week (2009-02-27)

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